Industry News: Hunter to head group

todd-hunter

Todd Hunter

The head of Turner Group NZ’s auction business is set to lead the entire group.

Todd Hunter, who was with Turners before its acquisition by Dorchester Pacific, and has since added group chief operating officer to his job description, will take over as chief executive on June 1.

Hunter has been with Turners Group for nine years and was appointed CEO of that business in 2013 while it was separately listed. Continue reading “Hunter to head group” »

Todd Hunter The head of Turner Group NZ’s auction business is set t ...

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Industry News: Airbag maker Takata going ‘pop’ huge concern for industry

airbagTakata – an airbag supplier to top auto makers – is straining under the weight of the massive airbag recall.

Japan’s transport ministry have extended the recall to another seven million vehicles, this time for cars with airbags that don’t have the drying agent that slows deterioration of the bags’ inflators.

American transport safety officials have said that moisture and temperature changes could make the airbags unstable and prone to explode. This would cause fragments of metal to fire through the car’s interior. This has been blamed for at least 13 deaths worldwide. Continue reading “Airbag maker Takata going ‘pop’ huge concern for industry” »

Takata - an airbag supplier to top auto makers - is straining under th ...

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Industry News: High-tech roads pave way to Auckland’s future

roadmarkingA cutting-edge road control system is being trialled in Whangaparoa.

Auckland Transport is conducting a live trial of the innovative Dynamic Lane Control system on Whangaparaoa Road.

It uses the existing road more efficiently for moving people and goods. It is a travel solution which makes use of traffic control devices and an adaptive LED light system instead of traditional painted on-road markings. Continue reading “High-tech roads pave way to Auckland’s future” »

A cutting-edge road control system is being trialled in Whangaparoa. ...

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Industry News: Car dealership levelled in med centre development

ambo

A Mitsubishi car dealership has been levelled to make way for a new Northland medical centre.

The $5.6 million comprehensive medical centre is to be built in Whangarei’s Reyburn St.

The Northland Regional Council says the 4350 square metre site and and buildings were recently sold for $2.6M to developer Reyburn Whangarei Limited, part of the Auckland-based Johnstone Group. Continue reading “Car dealership levelled in med centre development” »

A Mitsubishi car dealership has been levelled to make way for a new No ...

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Industry News: Holden offering ‘pay as you go’ motoring

Holden Spark_FL3Q_LS_Solar-Red

Holden is targeting younger buyers with its new Spark small car – and is launching a new finance option to suit.

The company is offering the car on a subscription-style finance system. Included in the $99 weekly payment is servicing, warranty, insurance and roadside assistance.

The fine print shows the deal is a three-year finance agreement at 9.99% pa. The car can be handed back at the end of the term or a $7000 balloon payment made. Holden’s usual partner Heartland is behind the deal Continue reading “Holden offering ‘pay as you go’ motoring” »

Holden is targeting younger buyers with its new Spark small car - and ...

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Industry News: Factory takes back Great Wall

GreatWallute

When the Great Wall factory first decided it wanted its brand back, the local distributor admits to being a bit shocked.

Ateco NZ chief executive David Smitherman says the company wasn’t looking to offload its brand Great Wall, but when the factory wants it back, there aren’t many options.

Ateco will relinquish the Great Wall brand to a Melbourne-based factory office, Great Wall Motors Australia, from July 1. All New Zealand and Australian dealers will do business through an Australian office. Continue reading “Factory takes back Great Wall” »

When the Great Wall factory first decided it wanted its brand back, th ...

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Industry News: EROAD posts a loss for the year despite growth

NZ-Product-Ehubo-2-1EROAD Limited has posted a net profit before tax loss of $1.3 million despite a full year result of continual high growth, including revenue growth of 49% to $26.2 million.

NZ and Australia delivered a net profit before tax of $6.3m, up by 47% on last year.

Chief executive Steven Newman says the loss was the result of foreign currency movements, higher research, and development investment expensed rather than capitalised, and greater investment in the US business as the company prepares to meet the US-wide ELD opportunity. Continue reading “EROAD posts a loss for the year despite growth” »

EROAD Limited has posted a net profit before tax loss of $1.3 million ...

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Industry News: China dealers look for income prop-ups

ChinaCarYard

China’s new car sales are set to grow by at least 5% this year – and that’s terrible news for dealers.

Unfortunately, the growth doesn’t keep pace with already-small margins shrinking – and in some cases vanishing completely.

Used-car sales are becoming increasingly important for the country’s car dealers to make ends meet – finance, insurance, and parts/service combinations are the other go-to add-ons. Continue reading “China dealers look for income prop-ups” »

China’s new car sales are set to grow by at least 5% this year - and t ...

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